RIYADH: Saudi Arabia’s Tadawul All Share Index remained steady on Monday, losing just 8.56 points, or 0.08 percent, to close at 11,095.86.
The total trading turnover of the benchmark index was SR6.5 billion ($1.73 billion), as 165 of the stocks advanced and 88 retreated.
The Kingdom’s parallel market Nomu lost 57.54 points, or 0.25 percent, to close at 22,983.83. This came as 36 of the stocks advanced while 39 retreated.
The MSCI Tadawul Index lost 1.92 points, or 0.13 percent, to close at 1,479.43.
The best-performing stock of the day was Naseej International Trading Co., whose share price surged 8.7 percent to SR23.98.
Other top performers included Flynas Co., whose share price rose 7.43 percent to SR57.80, as well as Saudi Cement Co., whose share price surged 6.98 percent to SR33.42.
Saudi Aramco Base Oil Co. recorded the most significant drop, falling 4.72 percent to SR117.20.
Ades Holding Co. also saw its stock prices fall 3.85 percent to SR18.75.
Bupa Arabia for Cooperative Insurance Co. saw its stock prices decline 3.66 percent to SR186.90.
On the corporate front, Arabian Mills Co. for Food Products announced that its board of directors had approved a voluntary prepayment of SR50 million under its existing Murabaha financing agreement with Saudi Awwal Bank.
According to a Tadawul statement, the early repayment is expected to reduce financing costs and have a positive impact on the company’s financial results. The move forms part of Arabian Mills’ broader strategy to strengthen its financial position and support the long-term sustainability of its operations.
Arabian Mills Co. for Food Products ended the session at SR48, up 1.47 percent.
Malath Cooperative Insurance Co. has announced the signing of a strategic partnership agreement with National Housing Services Co. to support and facilitate the issuance of the contractor’s works insurance product for latent defects policies and integrate related services, serving real estate developers, contractors, and property owners.
A bourse filing revealed that there is currently no fixed financial value for the agreement, as the expected written premiums will depend on the volume of business and insurance policies issued pursuant to the agreement.
The firm expects the agreement to have a positive financial impact on its financial results starting from the third quarter of 2026.
Malath Cooperative Insurance Co. ended the session at SR9.60, down 0.94 percent.
